Re: What if holding the bitcoin becomes illegal?

Quote from: krishnapramod on September 11, 2017, 12:17:47 PM

Quote from: tornex on September 11, 2017, 08:53:39 AM

Just imagine what will happen if once the government will ban Bitcoin ?

https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/

Recently I read an article on Cointelegraph with the exact same points Grin

There has been a recent spike in articles and threads on this forum related to bitcoin ban, thanks to all the FUD. The last time a country banned bitcoin was in September 2014, nothing after that. At a time when a few countries have already legalized bitcoin and a few other are working on the legal framework to regulate bitcoin, I don't know why a rumor that the Chinese government banning bitcoin is being compared to all the governments banning bitcoin?

Nothing is stopping governments from banning bitcoin, but if a decentralized currency can be indirectly regulated then that is the better option than banning it and that's what some countries did and are planning to do.

This is very common, there is a lot of people jump about bitcoin. Everyone talks about it because the price is so high. It becomes dangerous when everyone diverts all of their money to invest in digital currency. There is great concern from various countries about the financial balance. and it's very reasonable. We are facing a new era and everyone will accept it in the future.